LMR Partners LLP Takes Position in Kimberly-Clark Corporation (KMB)

LMR Partners LLP purchased a new stake in shares of Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 14,334 shares of the company’s stock, valued at approximately $1,886,000.

Several other hedge funds have also recently added to or reduced their stakes in KMB. Tortoise Investment Management LLC raised its stake in Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after buying an additional 34 shares during the last quarter. Acrospire Investment Management LLC raised its stake in Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 500 shares during the last quarter. Armbruster Capital Management Inc. raised its stake in Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 250 shares during the last quarter. Heritage Trust Co purchased a new stake in Kimberly-Clark Corporation during the first quarter valued at approximately $118,000. Finally, Clean Yield Group purchased a new stake in Kimberly-Clark Corporation during the first quarter valued at approximately $145,000. 70.08% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Corporation (NYSE KMB) traded up 0.210% during mid-day trading on Monday, hitting $121.775. The stock had a trading volume of 161,118 shares. The company has a market cap of $43.02 billion, a price-to-earnings ratio of 20.333 and a beta of 0.76. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21. The company has a 50 day moving average price of $122.99 and a 200-day moving average price of $128.55.

Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.49. The firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.53 EPS. Equities analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.

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KMB has been the topic of a number of research analyst reports. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 target price on Kimberly-Clark Corporation and gave the company a “buy” rating in a research report on Monday, June 19th. Jefferies Group LLC reissued a “hold” rating and issued a $122.00 target price (down previously from $133.00) on shares of Kimberly-Clark Corporation in a research report on Thursday, July 6th. Berenberg Bank initiated coverage on Kimberly-Clark Corporation in a research report on Friday, June 9th. They issued a “hold” rating and a $136.00 target price on the stock. Finally, Citigroup Inc. set a $132.00 target price on Kimberly-Clark Corporation and gave the company a “hold” rating in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $133.07.

In related news, Director Robert W. Decherd bought 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the purchase, the director now directly owns 43,444 shares in the company, valued at $5,309,291.24. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Sergio Cruz sold 7,078 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the transaction, the insider now owns 4,910 shares of the company’s stock, valued at $638,349.10. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Kimberly-Clark Corporation Company Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.